Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declares $0.18 Monthly Dividend

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.178 per share on Friday, February 28th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 17.34%. The ex-dividend date of this dividend is Friday, February 21st.

Blackstone Strategic Credit 2027 Term Fund has increased its dividend payment by an average of 3.9% annually over the last three years.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Blackstone Strategic Credit 2027 Term Fund stock opened at $12.32 on Thursday. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $11.19 and a 1-year high of $12.69. The company’s 50-day moving average is $12.41 and its 200 day moving average is $12.21.

About Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.